XRP is currently priced at $1.99, reflecting a 24-hour decline of 3.56%. The daily trading range has been narrow, with a high of $2.14 and a low of $2.00, indicating some consolidation amid the downward trend.

Volume stands at approximately $6.4 billion, contributing to a market cap turnover of 5.33%. However, the declining price alongside high trading volume suggests potential profit-taking or bearish sentiment among traders.

The hourly moving averages indicate a consistent downtrend, with the 8 SMA at $2.13 showing a 6.50% decline, and the 144 SMA at $2.20 down 9.73%. Such alignment indicates short-term weakness, and all moving averages are trending below the current price, reflecting a lack of bullish momentum.

Momentum indicators are also bearish, with the 1-hour RSI at 29, suggesting oversold conditions in the short term. The 7-day RSI at 41 further indicates weakness, while the 7-day, 14-day, and 30-day price changes of -17.89%, -10.44%, and -20.97% respectively highlight an ongoing bearish trend.

Given the current price action, the substantial recent price drops, and the technical indicators signaling bearish momentum, a cautious approach is warranted. Therefore, the recommendation is to Hold XRP at this time, monitoring for potential support around the $2.00 mark, which could provide a clearer buy signal if a reversal occurs.